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Rent, Resources, Technologies by Alberto Quadrio Curzio

24 February 2017 adminReal Estate

By Alberto Quadrio Curzio

Rent, assets, and applied sciences are 3 the most important concerns to the knowledge of background and economics. The shortage of assets, its interaction with expertise, and the function of hire in explaining either financial progress and source of revenue distribution are investigated by way of adopting a multi-sectoral and non-proportional version, the place scarce assets impose numerous scale constraints that can sluggish progress, yet may perhaps give a contribution to extra improvement of latest applied sciences. during this dynamic framework the class of lease acquires new dimensions with far-reaching implications for either the method of costs and the distribution of source of revenue. The analytical and formal-theoretical viewpoint of this publication should be used as a foundation for destiny old and quantitative studies.

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Example text

Let us now consider the multi-sectoral theories beginning with von Neumann, who writes: "... goods are produced not only from 'natural factors of production', but in the first place from each other" (von Neumann, 1937, p. 1); "... natural factors of production, including labour, can be expanded in unlimited quantities" (ibid, p. 3). Therefore, von Neumann excludes the existence of scale constraints from the natural factors of production, though he recognizes that they play an important role in the production process.

Second, the long time involved in major technological innovations and their novelty make it almost impossible to predict and prepare for the ultimate effects, both positive and negative. [... ] Third, economic growth in the past and the technological innovations that underlay it involved major deteriorations in the broader environment, which were eventually overcome even if with difficulty. Thus, as recently as the middle of the nineteenth century, when industrialization and urbanization proceeded at a high rate in many Western European countries, the movement into the cities meant, under the existing conditions of medical and public health services, that an increasing proportion of the population was subject to much higher rates of mortality and morbility than those prevailing in the countryside.

Such activation of further processes, of course, should follow an order of efficiency. This is the starting point from which we shall depart in our strictly economic analysis and from these premises we shall analyze the issues at stake in the next Chapters. 41 12.

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